#007: Ted Posobiec from WINvesting

EP 007
The Traderview Episode 007 - Ted Posobiec - WINvesting

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Show Notes


Q: Tell us about your background.

  • Ted has an Army background and after that became a commercial diverin the oilindustry!

Q: Who or what inspired you to become a trader?

  • Ted began trading oil-related stocks while working in the oil industry
  • When Ted left the diving profession, he was looking for something that could provide him with comparable pay

Q: Do you remember your first big winning trade? What did you do with the money?

  • Ted’s first big winning trade came after attending a trading bootcamp using the strategies he learned at the bootcamp
  • His purchase was a Harley!

Q: At what point did trading become your primary source of income?

  • It took about a year and a half for trading to become Ted’s primary source of income

Q: What does a typical day look like for you? 

  • Ted starts his day taking care of the necessities so there are no distractions before he gets ready to trade

Q: What markets do you trade and why?

  • Ted will trade any market, but he does have some preferences

Q: What is your favorite trading strategy in today's market?

  • Ted doesn’t have a favorite strategy; he likes a lot of different ones

Q: What is different about your approach compared to other traders?

  • Ted trades what he sees and not what he feels

Q: How does your strategy differ for generating income versus building wealth?

  • Ted would use ETFs or stocks for building wealth

Q: How would you trade a $5,000 account differently than a $50,000 account?

  • There is only one difference in the way Ted would trade a $50K account versus a $5K account

Q: How do you limit risk?

  • Ted sets a limit that he can and will trade per day

Q: What trading platform do you use primarily?

  • Ted uses the same platform today that he started out using

Q: Which indicator could you not live without?

  • Ted can’t live without the Volume Indicator!

Q: Do you have a written trading plan that you reference every day?

  • Yes, although it is smaller now than it used to be
  • Ted’s trading plan helps to keep him focused

Q: Do you keep a trading journal?

  • Ted writes in his trading journal every day
  • The trading journal helps to keep track of emotions and performance so he can review these things when he starts to see patterns emerging

Q: What do you like most about trading and what do you like the least?

  • The freedom is the best part about trading
  • The downside of trading is that it can get pretty boring, according to Ted

Q: Was there a specific turning point where you went from consistently losing money to being consistently profitable?

  • Ted was shadow trading to start with, which made it easy to lose money
  • Finding a mentor who taught Ted the right way to trade helped him to become profitable

Q: What was your best month as a trader? Your worst month?

  • Ted’s worst month was in the negative, but his favorite was in the high $20K profit range

Q: If you could go back in time, what advice would you give to your 20-year-old self?

  • Be patient!

Q: How do you measure success in life?

  • Happiness and freedom are good indicators of success for Ted

Q: What have you had to sacrifice to get where you are today?

  • There is one major thing that Ted feels he has sacrificed over his career

Q: If you could do it all over again, is there anything that you would have done differently?

  • If he could do it all over again, Ted would spend more time with his family and start trading sooner!

Q. What is your biggest challenge as a trader?

  • Ted’s biggest challenge is feeling like he needs to take a trade

Q: What is the biggest difference between successful traders and unsuccessful traders?

  • It all comes down to discipline

Q: What is the most important piece of advice you’d give to a new trader?

  • Be patient!

Q: How has your mindset evolved over time?

  • Learning to get into the right mindset–free of distractions–has been critical for Ted

Q: How should someone handle losing streaks?

  • If Ted loses for more than 3 days in a row, he will go into sim mode and review his trading journal to find the problem

Audience Q+A

Q: Do you have any books to recommend?

  • Anything by Mark Douglas (Trading in the Zone and The Disciplined Trader)

Q: What would be a good instrument for beginner futures traders to begin with?

  • ES, NQ, but definitely not CL

Q: If I were to work full time, how long would it take to get income from a $10K account?

  • This varies from person-to-person

Q: What does trading OPM entail? Does it increase focus and expedite the learning curve to where I could be earning income faster?

  • Trading OPM holds you accountable so it could help you to become a better trader

Q: Do all markets have to be traded according to the Eastern time zone or is there something that can be traded within Pacific business hours?

  • The London Open or the Asian Open are good markets to trade on the west coast

Q: How can you execute a proper stop loss and what is your criteria to assign a sound stop loss?

  • Ted’s stop loss reflects the account he is trading, up to a 15 tick stop

Q: Are most futures markets open 24/7 for day trading or only during open US market hours and will the margin be different either way?

  • The market is not open 24 hours, but Ted does not trade past 4pm ET

Q: Who are the traders that you look up to and follow?

  • John Ondercin of WINvesting and some of the guys that currently trade with Ted in his room

Q: If you had the power to make something required reading for every high school senior in the world, what would that be?

  • The Balloon Buster: Frank Luke of Arizonaand anything by Mark Douglas

Q: What is the next step in your evolution as a trader?

  • Retirement!

Q: What is the best way to get in touch with you?

  • Join Ted in his trading room at WINvesting.com or email him at support@WINvesting.com


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“I’ll trade anything that moves.”

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“Be patient. Start from the beginning, and work your way up.”

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“A successful trader follows his own rules.”

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“Take it slow. Learn it one step at a time.”

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“If you learn one thing a day over 30 days, you’ll have learned 30 new things.”

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3 Action Steps

  1. Start from the beginning
  2. Write out a trade plan that makes sense to you
  3. Manage risk

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How to Get More Free Training from Ted Posobiec

Get More Free Training from Ted Posobiec: WINvesting.com/#winners

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Resources and Links

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About Ted Posobiec

Ted Posobiec is the host of the "E-Mini Insider" daily trading room at WINvesting.com.Ted was a stock trader for over 18 years, and started trading E-mini futures five years ago. For the past three years, his "full time" job has been day trading ("full time"meaning about 1-2 hours a day on average). He trades several different systems and styles, and likes to help others find what works best for them.

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